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January 23, 2013

US Airways reports highest annual profit in company history

US Airways Group reported its fourth quarter and 2012 financial results. For full year 2012, the Company reported a record net profit of $537m, which excludes net special items totaling a credit of $100m. This compares to a full year 2011 net profit of $111m excluding net special items. On a GAAP basis, the Company reported a record net profit of $637m, up 797% over the 2011 net profit of $71m.